Hypoport (HYQ) Q1 2025 earnings summary

Executive summary

• Revenue grew 19% year-over-year to €159 million in Q1 2025, with net profit up 90% to €6.0 million and EBIT up 88% to €8.6 million, driven by a recovering German mortgage market and strong performance in Real Estate & Mortgage Platforms.

• Double-digit growth was supported by accelerating ERP platform subscriptions and digitalisation, while personal loans and corporate finance markets remained subdued.

• Strategic realignment and market share gains contributed to increased transaction and distribution volumes.

• Non-mortgage credit markets and new construction lagged due to regulatory and political uncertainty.

• Management maintains a positive outlook, expecting continued growth and improved profitability.

Financial highlights

• Group EBITDA increased 31% year-over-year to €17.5 million; EBIT margin improved to 13.1% from 8.0%.

• Real Estate & Mortgage Platforms revenue grew 24% to €123 million, with EBIT up 53% to €12.7 million.

• Europace platform volume grew 34–35% year-over-year, outperforming the market.

• Dr. Klein franchise network achieved over 30% growth in online lead generation.

• Cash flow from operating activities surged to €26.0 million from €3.7 million in Q1 2024.

Outlook and guidance

• Management expects full-year 2025 revenue of at least €640 million, gross profit of at least €270 million, and EBIT between €30 million and €36 million.

• Confident in double-digit growth for both top and bottom lines, with continued market recovery anticipated.

• Mortgage market volume projected to rise from €60 billion to €75–100 billion in coming years, driven by new construction, refinancing, and decarbonization investments.